Whether it be your main home or your holiday home in the South of France, this step is crucial. The first thing you have to do when buying a new property is to insure it. We will guide you through the different types of French home insurance available to you!
Types of Insurance
In France you’re required to take out insurance for your property. The type of insurance you need depends on whether you :
- Are a tenant
- Live at the property full time
- Rent out your property
All insurances must include responsibilité civile also called third party liability insurance, which covers if someone else damages your property.
For Renters
According to the law in France you are obligated to take out Risques Locatif insurance if you are renting the property. It covers the tenant for any damage on the renting property.
You can also add additional insurance from the list below which may prove useful in certain circumstances.
- Multi-risk insurance (Multirisques habitation)
- Base Guarantee insurance (Garanties de base)
- Optional coverage insurance (Garantie optionnelle)
- Claims by neighbors and third parties (Recours des voisin et des tiers)
For Homeowners
If you own a property, it’s important to know which insurance will cover all risks. Multirisques habitation covers damage such as explosion, fires and water damage. Furthermore, it includes civil liability, compensation of damaged material. The owner with family and pets are also insured.
The insurance company GAN can help you take out an insurance corresponding to your needs.
Holiday Home Insurance
There are a large amount of holiday homes in the South of France. As an owner of a holiday home, the Multirisques Habitation Insurance is also a good option. If you rent out your holiday home, you have to make sure the insurance covers this.The tenant should take out the insurance Risques Locataire if it’s a longer period. If it’s a shorter period of time, you can demand a deposit from the tenant to cover any damage on the property.
How to Find the Best Insurance?
It’s not difficult to find insurance because the industry is huge. However, if you are in a buying process your real estate agent can help you find a trustful insurance firm. GAN is one of the firms that can help you with all your needs to insure your property on the French Riviera.
